Central/South America’s Hotel Pipeline Is Weak, But a Handful of Markets Project Significant Growth

STR | July 8, 2021

Hotel development in the Central and South America region is lagging noticeably behind the rest of the world with just 39,000 rooms in the planning, final planning and in construction phases combined. Overall, the region’s hotel pipeline accounts for just 6.4% of existing supply, which is less than half the rate of global hotel development at 12.9%.   Despite the collective, sluggish pipeline activity in Central and South America, there are five markets which are experiencing spurts of significant growth above the global average. Here is a quick overview of a few of the region’s hotel development hotspots when ranked by ...